Blocks & Lots

The Bellemont – A $220M NYC Real Estate Success Story

April 12, 2023

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When New York City developer, the Naftali Group, commissioned Robert A. M. Stern Architects to design The Bellemont, a boutique ten-unit, limestone-clad condo on the Upper East Side corner of Madison Avenue and 86th St in Manhattan, the first chapter of a $220M success story had been written.

One block from Central Park, the Bellemont’s residences offer five bedrooms and an incredible 5,264 square feet of luxuriously appointed living space designed by Achille Salvagni, who is known for his interior designs – and yachts.

But how have sales gone in this upper-echelon building, where the price tags average $21M?

2023 has been a turbulent time, with inflation, bank failures, and recession fears in the news.

Incredibly, buyers were quickly found for all 10 apartments.

The penthouse, a 4-floor combination at the top of the building, sold for a whopping $66.5M – and is New York City’s largest sale in 2023 so far.

A room with white walls, a curved staircase, and windows opening onto a clear blue sky.